Compuscan is a South African credit bureau that provides consumer and commercial credit information within South Africa and other African nations.
Founded in 1994 and headquartered in Stellenbosch, South Africa, Compuscan is a subsidiary of South African-based Compuscan Information Technologies.[1] The company, which was original focused on providing credit history reporting for microcredit transactions, is among South Africa’s leading credit bureaus and is a member of the nation’s Credit Bureau Association.[2][3][4] The company also provides microcredit reporting services in the neighboring republics of Botswana[5] and Namibia.[6]
In 2006, Compuscan was selected by the Bank of Uganda to build the first-ever Ugandan Credit Reference Bureau.[7] This system, which was formally introduced in 2008, required Ugandan financial institutions to issue smart cards to their borrowers as part of a borrower identification program.[8] Compuscan set up a similar Credit Reference Bureau in Rwanda in 2008.[9]
References
- ^ “Borrowers credit history to be recorded on smart cards,” New Vision (Uganda), April 28, 2008
- ^ “The Credit Scoring Toolkit,” by Raymond Anderson, Google Books
- ^ “Credit Repair Agents Cannot Remove Blacklisted Name,” Cape Argus, November 24, 2005
- ^ “Credit bill aims to pull loan sharks' teeth,” The Independent (South Africa), August 14 2005
- ^ “Who Watches the Watchman?”, Mmegi Business Week, July 22, 2005
- ^ “Namibia: Financial System Stability Assessment,” International Monetary Fund, February 2007
- ^ “Uganda launches credit reference agency,” Reuters, December 4, 2008
- ^ “Creating Credit Bureaus to Penetrate a Cash Culture, Expand Credit,” Microfinance Insights, November 1, 2008
- ^ “Rwanda: Kigali Set for South African Credit Institution,” AllAfrica.com, December 5, 2008
External links
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